Bitcoin News Mash-Up: Miner Bankrupt; Voting System Introduced; and More


Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Californian Bitcoin Miner Declares Bankruptcy

California-based Bitcoin mining company Aquifer LLC recently announced bankruptcy in a filing submitted to the US Court. The reason behind their all-of-a-sudden demise is speculated to be derived from falling Bitcoin value that has affected almost every Bitcoin miner around the globe. The cost of mining a block is indeed becoming lower than the cost of expenditure. You can read the full report here.

Bitcoin Foundation Creates On-Blockchain Voting System

The Bitcoin Foundation will be going to test its upcoming on-blockchain voting system on Swarm — a crowdfunding platform. “The Foundation’s mission is to advance blockchain technology and this is an important new avenue of innovation,” said Patrick Murck, Executive Director. “While we may not have the smoothest experience in this experimental launch, it’s important for us to push the boundaries and spark innovation — even if things get a little messy sometimes.” You can read the full report here.

Bitcoin Reappears on Crime Watch

Tasmanian police recently busted a drug trafficker in possession of $500,000 work of controlled substance. The trafficker, named Nicholas Mark Stebbins, confessed to his crime and said that he used to pay for drugs in Bitcoin. You can read the full report here.